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Check your automatic transmission fluid first, see if it is full and or smells burnt. If it is low that could be the problem, but if it smells burnt the transmission is going bad and should go in the shop.

turn the power switch off for the transmission. It is not a warning light. It just indicates the power switch for the trans is on which lets the trans delay shifting in each gear so it allows the engine to get more RPM'S so it produces more HP and Torque.

AUTOMATIC TRANS DRAIN PLUGS HAVE NOT BEEN USED FOR YEARS, LAST ONE WERE IN THE 60'S, U MUST DROP THE PAN OFF TO CHANGE THE FLUID, A VERY MESSY JOB, I USE AN OLD PLASTIC GARBAGE LID WITH HOLES DRILLED IN THE CENTER TO CTACH THE FLUID. WHEN U REFILL ADD LESS THAN U TAKE OUT AND GET THE TRANS HOT BEFORE U TOP IT OFF, IF U OVERFILL THE TRANS U CAN DAMAGE IT,

call a dealer and they will tell you you are suppose to change your transmission fluid every 2 years or 30,000miles but if you was carrying this much load you may have over heated the transmission so I would shop around and get a good deal at a transmission place where they can replace the filter and the fluid and adjust the bands on the transmission if needed